systems | complexity | second-order effects
When something changes in financial value quickly, unintended consequences abound. When this change happens at scale, affecting many people, the consequences are even more extreme. These changes impact supply and demand and social change around the world.
Let’s look at some examples of value change causing havoc. This week I’m intentionally (well, almost entirely) not writing about the topic you can’t escape.
Continue reading “Changes in Value (Part 1)”
It’s common for scalable companies with good business models to involve addiction.
I mean addiction in a broad sense. This includes addiction to both physical products and digital goods and services. Addiction is a retention metric.
And retention (how long someone stays a paid customer or user) is what fuels many businesses. Let’s look at this with opioid addiction, focusing on Purdue Pharma’s product OxyContin. What second-order effects drive the opioid crisis?
Continue reading “The Opioid Crisis (and addiction-based business models)”